James Allum, SVP for Europe at Payoneer, explores the global digital commerce revolution and unlocking growth opportunities for SMBs.
The Bank of Palestine is successfully mirroring the region in which it operates as both Company and state seek to exist with a high level of vibrancy, entrepreneurship and industry.
Santander, the euro zone's biggest bank, has posted close to a 70 percent jump in fourth quarter profit from a year earlier, lifted by earnings from its lending business and as charges on soured loans fell. The Spanish bank said net profit was US$1.67 billion in the October-December period of last year - the first quarter under new CEO Ana Botin, who has shaken up the lender with management changes and recently bolstered capital through a cash call. The profits were slightly below the forecasted US$1.68-billion quarterly profit. Alongside other companies who also posted their results this month, Santander revised 2013 earnings downwards to reflect payments to deposit guarantee funds. Without that restatement, fourth quarter net profit would have risen just 37 percent.
The technology behind digital currency bitcoin could have far-reaching implications and the potential to reshape the financial industry.